Intel announces $9.4 billion first-quarter revenue

Intel today announced first-quarter revenue of $9.4 billion, up 17 percent year-over-year and down 2 percent sequentially.

First-quarter net income was $2.2 billion, up 25 percent year-over-year and up 1 percent sequentially. Earnings per share were 34 cents, up 31 percent from 26 cents in the first quarter of 2004 and up 3 percent from 33 cents in the fourth quarter of 2004. Intel’s first quarter included an additional week of business because 2005 is a 53-week fiscal year for the company. Last year’s first-quarter results included a legal settlement charge that reduced earnings per share by 1.7 cents.

“Led by strong demand for our mobile products, Intel posted double-digit revenue and profit growth versus a year ago,” said Intel CEO Craig Barrett. “Today marks the 40th anniversary of Moore’s Law, which remains the driving force behind our ability to continually innovate and bring exciting new products to our customers around the world. In the coming quarters we expect to carry on the pace set over past decades by ramping our industry-leading 65nm process technology and launching additional dual-core microprocessors for our desktop, notebook and server platforms.”

The full report about Intel's Q1 2005 earnings can be found here